By Marisa Wong and Cristal Cody
Los Angeles, Sept. 7 – Inter-American Development Bank priced $2 billion of 4.5% 10-year notes on Wednesday at SOFR mid-swaps plus 48 basis points, or Treasuries plus 20.2 bps, according to a market source.
Initial price talk was in the SOFR mid-swaps plus 49 bps area.
Citigroup Global Markets Inc., RBC Capital Markets LLC, TD Securities (USA) LLC and Wells Fargo Securities LLC are the bookrunners.
The agency provides financing and technical assistance to businesses in Latin America and the Caribbean and is based in Washington, D.C.
| Issuer: | Inter-American Development Bank
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| Amount: | $2 billion
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| Issue: | Notes
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| Maturity: | Sept. 13, 2033
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| Bookrunners: | Citigroup Global Markets Inc., RBC Capital Markets LLC, TD Securities (USA) LLC and Wells Fargo Securities LLC
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| Coupon: | 4.5%
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| Spread: | SOFR mid-swaps plus 48 bps, or Treasuries plus 20.2 bps
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| Pricing date: | Sept. 6
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| Initial price talk: | SOFR mid-swaps plus 49 bps area
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